new article today:
3/21/2007
Neteller U.S. customers closer to get their funds returned
Neteller problems closer to a solutionNeteller announced it signed agreements with the United States Attorney's Office for the Southern District of New York which outline terms and a timeline under which NETELLER will work toward the orderly distribution of funds to its U.S. customers.
Per the agreements, the Group anticipates that within the next 75 days it will announce a plan by which the funds will be distributed to US customers.
"We continue to be committed to returning funds to our US customers and working with the US Attorney's Office," said Ron Martin, Group President and CEO. "Progress, while not always visible to the outside observer, has been steady and these agreements mark a milestone in the process."
NETELLER is continuing to cooperate with the USAO's investigation, under the advice of its legal advisers and in accordance with court orders in the Isle of Man, where the e-wallet processor is based.
Neteller stopped allowing its U.S. customers to transfer funds from/to gambling sites on January 18, three days after the arrest on U.S. soil of its former directors and founder shareholders, Mr Stephen Lawrence and Mr John Lefebvre.
Neteller plc Board of Directors sought immediate temporary suspension of NETELLER's shares from the AIM while remaining open for business as usual.
However, few days after January 18 Neteller's U.S. based clearing houses stopped processing funds on behalf of the e-wallet processor, thus making it impossible for U.S. customers to withdraw their funds.
This morning's announcement will certainly be positively perceived by the thousands of Neteller's U.S. customers waiting to access their funds since the end of January.
Source: London Stock Exchange
3/21/2007
Neteller U.S. customers closer to get their funds returned
Neteller problems closer to a solutionNeteller announced it signed agreements with the United States Attorney's Office for the Southern District of New York which outline terms and a timeline under which NETELLER will work toward the orderly distribution of funds to its U.S. customers.
Per the agreements, the Group anticipates that within the next 75 days it will announce a plan by which the funds will be distributed to US customers.
"We continue to be committed to returning funds to our US customers and working with the US Attorney's Office," said Ron Martin, Group President and CEO. "Progress, while not always visible to the outside observer, has been steady and these agreements mark a milestone in the process."
NETELLER is continuing to cooperate with the USAO's investigation, under the advice of its legal advisers and in accordance with court orders in the Isle of Man, where the e-wallet processor is based.
Neteller stopped allowing its U.S. customers to transfer funds from/to gambling sites on January 18, three days after the arrest on U.S. soil of its former directors and founder shareholders, Mr Stephen Lawrence and Mr John Lefebvre.
Neteller plc Board of Directors sought immediate temporary suspension of NETELLER's shares from the AIM while remaining open for business as usual.
However, few days after January 18 Neteller's U.S. based clearing houses stopped processing funds on behalf of the e-wallet processor, thus making it impossible for U.S. customers to withdraw their funds.
This morning's announcement will certainly be positively perceived by the thousands of Neteller's U.S. customers waiting to access their funds since the end of January.
Source: London Stock Exchange
